FTSE 100 ends flat as lower metal prices offset retail gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Should l Buy ?
Source: Reuters
Market Performance: The UK's FTSE 100 index remained stable with a slight increase of 0.1%, while the FTSE 250 index fell by 0.4%. Declines in industrial metal prices impacted mining stocks, whereas retail stocks gained, led by JD Sports Fashion's strong sales report.
Economic Outlook: British business activity showed improvement, indicating growth momentum for the second half of 2024, while U.S. business activity dropped to a four-month low, suggesting a potential downward trend in inflation. Attention is now on the upcoming Jackson Hole economic symposium where Fed Chair Jerome Powell will speak.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
